Northern Horizon, the Nordic and Baltic investment manager, has appointed Christopher af Trampe as head of Sweden.
He will initially focus on making investments in Sweden for Nordic Aged Care fund, Northern Horizon's third specialised care home fund.
Nordic Aged Care expects to acquire a mix of newly built assets, existing assets and conversions from other uses. Following its first closing in May 2016, the fund has €163 mln of equity commitments from a group of European institutional investors, and has a €250 mln fundraising target. During the second half of 2016 fund has a signed portfolio of care homes in Sweden and Finland, valued at €100 mln.
Northern Horizon’s two predecessor care home funds acquired 57 care homes, and with Nordic Aged Care’s current investments, the total number of care homes acquired by Northern Horizon’s team now approaches 80 care facilities for 2,600 residents in need of 24/7 care.
Af Trampen joins the firm from his current position as a Swedish partner at Angermann, a boutique real estate investment advisory firm. His 15-year career covers working on investment banking and real estate advisory with firms including JPMorgan, JLL and Colliers.